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Help to Buy Equity Loan for London

The popular Government-funded Help to Buy Equity Loan is available until 2021, so you can find your new London home with just a 5% deposit. With interest rates at an all-time low, now really is a great time to buy.

Buy a new home in London with just a 5% deposit

With interest rates at an all-time low, now could be a great time to buy. And if you are looking to buy a property in London then the new London Help to Buy scheme could help you to move sooner than you think.

All you need is a 5% deposit to secure your home. The Government will provide an equity loan of up to 40% of the property value, meaning you only have to secure a mortgage of up to 55% from a bank or building society. The Government equity loan is interest-free for the first five years and can be repaid at any time during the loan term or on the sale of your home.

London Help to Buy:

Requires a minimum deposit of only 5% of the property value of your new home

Is available on new-build homes up to £600,000

Is available for properties located in one of London’s 32 boroughs, or the city of London itself

Help to Buy calculator

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. This calculator is provided for guidance only; Barratt Homes does not offer mortgage advice. Subject to full affordability checks, you may qualify for a higher equity loan amount from the government. You should take advice from a suitably qualified adviser before agreeing to a mortgage. Help to Buy not available on part buy, part rent homes for sale under the Home Reach scheme.

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Barratt Homes is a trading name of BDW TRADING LIMITED (Company Number 03018173) a company registered in England whose registered office is at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF, VAT number GB633481836. Prices correct at time of publishing. Calls to 0844 numbers cost 7 pence per minute plus your phone company’s access charge. Calls to 03 numbers are charged at the same rate as dialling an 01 or 02 number. If your fixed line or mobile service has inclusive minutes to 01/02 numbers, then calls to 03 are counted as part of this inclusive call volume. Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls.

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